It helps me feel more confident about the numbers before moving forward

That company supports foreclose bidders they produce a document daily on all the sales with same info I mentioned above and color coded certain props with extra caution Red or Green for ready to go bid with confidence. although this created uber competition. 

I am not sure if anyone ever cared to pull together the data but I am quite confident in saying a study that compared licensed to unlicensed contractors would tell the story of unlicensed contractors seeking greater deposits in relation to total project costs than those with all proper licenses.

.🙌  make connections with other Airbnb strategy investors and gain the confidence to BRRR my first property with no previous construction experience 😅🤝  make a great connection with someone who is an expert in BRRR method 

Don't get sucked in to borderline applicants, make it as black and white as you can so you can approve or turn down with confidence. 

Once you’ve got some experience and equity built up, you can more confidently move into multifamily properties when the right one comes along.That said, if your goal is to scale into multifamily, don't lose sight of that.

are you confident in the use case for the building or are you planning to repurpose to something else?

You can always form the LLC once you are under contract and are confident you will be proceeding with the purchase through a novation.

If you have the POF to close on it all cash, you should be able to finance it with a hard money loan and give confidence to the seller that if the loan does not get approved you can still buy it with your own funds. 

I am confident if I were to have started taking action sooner I would have had many more deals under my belt but I was a knucklehead and was swinging hammers on my fixer-upper instead of hiring a contractor.